Analysts Set Xylem Inc. (NYSE:XYL) Price Target at $147.33

Xylem Inc. (NYSE:XYL) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $147.33.

Several brokerages have recently commented on XYL. Robert W. Baird increased their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price target on shares of Xylem from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Citigroup dropped their price target on shares of Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, April 14th.

Xylem Stock Down 0.2 %

XYL stock opened at $115.82 on Thursday. Xylem has a 12-month low of $100.47 and a 12-month high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a market cap of $28.18 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.33 and a beta of 1.08. The company has a 50 day moving average of $118.61 and a two-hundred day moving average of $122.20.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the business posted $0.99 EPS. Xylem’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Xylem will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.38%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

Institutional Trading of Xylem

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dempze Nancy E grew its position in Xylem by 0.3% in the 4th quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company’s stock worth $2,989,000 after purchasing an additional 88 shares during the last quarter. Townsquare Capital LLC boosted its position in shares of Xylem by 0.8% during the 4th quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company’s stock valued at $1,285,000 after acquiring an additional 88 shares in the last quarter. Center for Financial Planning Inc. increased its stake in Xylem by 52.0% in the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 91 shares during the period. Keel Point LLC raised its position in Xylem by 4.1% in the fourth quarter. Keel Point LLC now owns 2,371 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 93 shares in the last quarter. Finally, Clear Creek Financial Management LLC lifted its stake in Xylem by 4.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 96 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.